Franklin Templeton announces board approval for fund merger
The merger involves Western Asset Intermediate Muni Fund and Western Asset Managed Municipals Fund.
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Global investment management firm
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In short: Franklin Templeton achieved record AUM and inflows in fiscal Q3, while expanding its digital asset footprint and private market targets.
The merger involves Western Asset Intermediate Muni Fund and Western Asset Managed Municipals Fund.
The notices provide estimates of distribution sources for the funds' July 2026 distributions, including net investment income and return of capital.
The buybacks apply to several closed-end funds under the Franklin Templeton umbrella.
The AI boom is driving unprecedented private market flows and may reshape market leadership with mature companies going public.
Franklin Resources (NYSE:BEN) reported positive long-term net inflows across every asset class and geography during its fiscal third quarter ended June...
BEN's fiscal Q3 results benefit from higher revenues and record AUM. Strong net inflows and share...
Franklin Templeton (BEN) Q3 FY2026 earnings call: record inflows/AUM, private markets ~$40B target, ...
Franklin Resources, Inc. (BEN), the parent company of Franklin Templeton, announced on July 30,...
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